RNS Number:8296O
Metage Special Emerging Markets Fnd
19 August 2003

The Metage Special Emerging Markets Fund Limited announces that at the close of
business on 15th of August 2003 :-

The Undiluted estimated NAV per ordinary share was USD 38.43.

The Fully Diluted estimated NAV per ordinary share was USD 34.67.

The next NAV produced will be for close of business on 22nd August 2003.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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